Using the Late-1990s Comp, This AI Bull May Still Have Legs

Adam Bott, AAMS®, CPFA® - Financial Advisor
May 12, 2026

The brief article by LPL Research, Using the Late-1990s Comp, This AI Bull May Still Have Legs, hits the nail on the head when it comes to the (wrongful) comparisons of the current AI boom compared to the tech bubble of the 90s. Tech companies today are showing real revenues and income growth, while most of the tech companies during the dot.com 90s bubble burst because of both lack of actual revenue to support valuations, in addition to a gross over-speculation that future revenues would come. 

Don’t buy into this doomsday thesis – they are apples to oranges in their comparison.

The brief article by LPL Research, Using the Late-1990s Comp, This AI Bull May Still Have Legs, hits the nail on the head when it comes to the (wrongful) comparisons of the current AI boom compared to the tech bubble of the 90s. Tech companies today are showing real revenues and income growth, while most of the tech companies during the dot.com 90s bubble burst because of both lack of actual revenue to support valuations, in addition to a gross over-speculation that future revenues would come. 

Don’t buy into this doomsday thesis – they are apples to oranges in their comparison.

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